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Euro/USD Remained Flat on Wednesday–Daily Recap February 8

The forex market didn’t move much during yesterday as the market waits to today’s ECB rate decision. The Euro remained flat against the USD; other major currencies depreciated against the US dollar during yesterday’s trading day. Gold and silver changed direction again and declined, while crude oil (WTI) price slightly increased during Wednesday’s trading.

Here is a summary of the development of major currencies for February 8th:

Forex Market:

The Euros to US Dollar remained unchanged at 1.3260; during the month, the EUROS/USD rose by 1.35%. Australian Dollar to US Dollar decreased by 0.09% to 1.0799.

The U.S dollar to Canadian dollar slightly rose to 0.9959. During February the USD/CAD exchange rate fell by 0.67%.

The GBP to USD rate slightly fell by 0.49% to reach 1.5818; from the beginning of the month the GBP to USD increased by 0.37%.

Finally, the U.S Dollar appreciated against the Yen by 0.36% and reached 77.0375.